Up and Down Wall Street

Spendthrift Nation

The new popular motto is a penny saved is a penny wasted. Margin debt spikes.

MAYBE IT'S BECAUSE EVERYTHING IS UPSIDE DOWN, but the natives do some very weird things in the Antipodes.

Right at the outset, in the interests of full disclosure, we should admit we've never set foot in either Australia or New Zealand. Nothing personal, on the off chance you happen to be from either country. We just don't get out enough.

But we do try to keep up with what's happening in the far corners of the earth, including...